SolarEdge Technologies, Inc. (NASDAQ:SEDG) CFO Ronen Faier sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $28.56, for a total transaction of $856,800.00. Following the sale, the chief financial officer now owns 80,000 shares of the company’s stock, valued at approximately $2,284,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ronen Faier also recently made the following trade(s):

  • On Thursday, August 3rd, Ronen Faier sold 20,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $27.24, for a total transaction of $544,800.00.

SolarEdge Technologies, Inc. (SEDG) opened at 29.25 on Thursday. The company has a 50-day moving average of $27.39 and a 200-day moving average of $27.39. SolarEdge Technologies, Inc. has a 52 week low of $11.35 and a 52 week high of $29.80. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.93 and a beta of 0.03.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.18. SolarEdge Technologies had a net margin of 12.64% and a return on equity of 21.01%. The business had revenue of $136.10 million during the quarter, compared to the consensus estimate of $125.07 million. During the same quarter last year, the firm earned $0.44 earnings per share. SolarEdge Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that SolarEdge Technologies, Inc. will post $1.89 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Senvest Management LLC raised its stake in SolarEdge Technologies by 2.8% during the second quarter. Senvest Management LLC now owns 3,751,178 shares of the semiconductor company’s stock worth $75,024,000 after buying an additional 103,000 shares during the last quarter. FMR LLC raised its stake in SolarEdge Technologies by 4.5% during the first quarter. FMR LLC now owns 3,183,418 shares of the semiconductor company’s stock worth $49,662,000 after buying an additional 136,899 shares during the last quarter. Sylebra HK Co Ltd raised its stake in SolarEdge Technologies by 24.1% during the first quarter. Sylebra HK Co Ltd now owns 2,121,621 shares of the semiconductor company’s stock worth $33,097,000 after buying an additional 412,073 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in SolarEdge Technologies by 21.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,736,541 shares of the semiconductor company’s stock worth $34,731,000 after buying an additional 305,179 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in SolarEdge Technologies by 601.2% during the second quarter. Bank of New York Mellon Corp now owns 1,526,947 shares of the semiconductor company’s stock worth $30,539,000 after buying an additional 1,309,184 shares during the last quarter. 57.43% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Zacks Investment Research cut shares of SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Barclays PLC reiterated an “overweight” rating and set a $28.00 target price (up previously from $21.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. SolarEdge Technologies currently has an average rating of “Buy” and an average target price of $23.11.

About SolarEdge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

Insider Buying and Selling by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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